Letter To Shareholders - Mitac

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(3) Marketable securities held as of December 31, 2009: Securities held by Type MiTAC International Corp. Name of marketable securities Relationship with the issuer Stocks Getac Technology Corp. Investee company accounted for under the equity method General ledger account Long-term investment accounted for under the equity method December 31, 2009 Number of shares Book value Percentage Market value (Note 1) 190,396,939 $3,919,167 33.97% $5,826,146 (Note 2) 〃〃 Tung Da Investment Co., 〃〃 53,145,723 535,774 49.99% 535,774 Ltd. 〃〃 Tsu Fung Investment Corp. 〃〃 106,528,922 1,303,629 100.00% 1,584,532 (Note 3) 〃〃 3 Prode Technologies 〃〃 1,080,000 11,112 23.13% 11,112 Co., Ltd. 〃〃 DLC Technology 〃〃 6,600,000 48,579 100.00% 48,579 Corporation 〃〃 Lian Jie Investment Co., 〃〃 11,305,650 63,574 49.98% 63,574 Ltd. 〃〃 Silver Star Developments Ltd. 〃〃 215,495,404 14,155,790 100.00% 14,463,398 (Note 3) 〃〃 Loyalty Founder 〃〃 60,000,000 151,877 25.24% 451,800 Enterprise Co.,Ltd. 〃〃 Foreground Technology 〃〃 9,045,492 494,827 100.00% 534,692 Ltd. 〃〃 Shen-<strong>To</strong>ng Construction 〃〃 8,559,400 83,825 47.55% 83,825 & Development Co., Ltd. 〃〃 MiTAC Inc. Investor company Financial assets 28,549,614 645,051 8.69% 645,051 accounted for under the equity method carried at cost-non current 〃〃 Overseas Investment & None 〃 1,000,000 10,000 1.11% 10,000 Development Corp. 〃〃 Asia-Pacific Technology Board member of 〃 140,000 - 0.85% - & Intellectual Property Asia-Paicfic Service Inc. 〃〃 Harbinger Venture Common board 〃 23,181,675 189,128 14.05% 189,128 Management Co., Ltd. chairman 〃〃 Harbinger VI 〃〃 5,200,000 52,000 13.28% 52,000 〃〃 UPC Technology Corporation 〃〃 Lien Hwa Industrial Corp. 〃〃 Gemtek Technology Co., Ltd. Board member of Gemtek 〃 Available-for-sale financial assets-non current 12,994,032 226,096 1.53% 226,096 〃〃 23,603,957 371,762 2.90% 371,762 〃 5,794,411 334,917 2.12% 334,917 Note 1: The market value of listed securities was based on the closing price as at December 31, 2009, while, the market value of unlisted securities accounted for under the equity method was based on the net asset value per share of the investee company; the fair value of financial assets carried at cost was based on their carrying value. ~142~
Note 2: 47,500,000 shares were pledged for medium-term loans. Note 3: The book value decreased by $353,086 as the Company accounted for shares held by Tsu Fung Investment Corp. and Silver Star Developments Ltd. and its subsidiaries in accordance with the Statement of Financial Accounting Standards for treasury stocks. Note 4: 60,000,000 shares of Loyalty Founder Enterprise Co., Ltd. were acquired through private placement. Such stocks are subject to certain transfer restrictions pursuant to Article 43-8 of the Securities and Exchange Law. (4) Marketable securities for which total buying or selling exceeded $100,000 or 20 percent of capital for the year ended December 31, 2009: Investor MiTAC International Corp. Name of the securities Loyalty Founder Enterprise Co.,Ltd General ledger account Long-term equity investments accounted for under the equity method Name of related parties Private placement stocks Beginning balance Additions Disposals Ending balance Relationship with the Number of Number of Number of Gain/Loss Number of company share Amount shares Amount shares Amount Book value on disposal shares Amount None - $ - 60,000,000 $150,000 - $ - $ - $ - 60,000,000 $151,877 (Note) Note: The ending balance contains investment income (loss), cumulative translation adjustments and unrealized financial instruments gain (loss). (5) Real estate acquired amounting to over $100,000 or 20 percent of the Company’s capital stock for the year ended December 31, 2009: None. (6) Real estate disposed amounting to over $100,000 or 20 percent of the Company’s capital stock for the year ended December 31, 2009: Property disposed of by Property MiTAC International Corp. Building and land Date of disposal Date of acquisition Book value Disposal amount Status of collection of proceeds Gain (loss) on disposal Counterparty Relationship with the Company 2009.3.10 1998.4 $390,614 $587,000 Note1 $196,386 MiTAC Inc. Investor company accounted for under the equity method Reason for disposal capital <strong>To</strong> integrate offices in Taipei area Basis or reference used in setting the price Other commitments Note2 None Note 1: According to the sales agreement, the total selling price will be collected in three installments within two years. MiTAC Inc. had issued installment notes to the Company. As of December 31, 2009, notes of $397,650 had not been cashed yet. Note 2: The transaction price was set by reference to the appraisement report issued by appraisal company and the average market price of relevant real estate transactions in that area and negotiated by both parties. ~143~
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009 ANNUAL REPORT StockNo:2315 2009
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Contents 1. 7. Assessment Letter To
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competitiveness Letter in the marke
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2007 2009 2008 2005 2006 2007 Compa
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2007 2009 2008 2005 2006 2007 Compa
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3.1.2 Responsibilities of major dep
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Names Chairman Mathew Miau Director
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Titles Names Dates took position Sh
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Titles Vice president Vice presiden
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Below 2,000,000 Remuneration Rankin
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Titles Names MiTAC Salaries (A) In
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Managers Receiving Employee Bonuses
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3.3.2 Supervisors’ participation
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Items Status Differentiation with o
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3.3.4 Social contribution to enviro
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3.3.6 Important resolutions reached
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3.4. CPA’s dues Range of Audit Re
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3.7 Relationships between the top t
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3.8 Aggregate shareholding percenta
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2. Preferred stock: None 4.1.4 Majo
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latest financial year after taking
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MiTAC International Corp. Regulatio
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converting price is to be adjusted
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total issuance value, the Company m
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4.3 Employees’ stock options 4.3.
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April 30, 2010 Type of employees’
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April 30, 2010 Units:NT$ Thousand/
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April 30, 2010 Units:NT$ Thousand/S
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‧Personal computers with wire or
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(6) Since many worldly famous compa
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communication technologies mature i
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manufactured for the mainstream mar
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state-of-the-art hardware with navi
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devices, establishes connection wit
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downstream technologies to develop
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2009, and 1.3 million units sold in
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customer satisfaction for a greater
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5.2.2 Important applications and pr
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Volume/value Year 2008 2009 Major p
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5.4.2 MiTAC’s environmental healt
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consumption. To comply with the REA
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and the integration of all our comp
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6. Financial Statement 6.1. Most re
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6.2. Financial analysis in most rec
Page 95 and 96: 6.3. Supervisors’ Report of the m
Page 97 and 98: MITAC INTERNATIONAL CORP. AND SUBSI
Page 103 and 104: 2.Research, development, manufactur
Page 105 and 106: 4) Classification of current and no
Page 107 and 108: 11) Allowance for doubtful accounts
Page 109 and 110: 18) Convertible bonds For convertib
Page 111 and 112: C. When a company’s treasury stoc
Page 113 and 114: B. The Company's investee, G. Marso
Page 115 and 116: D. Lian Jie Investment Co., Ltd. ma
Page 117 and 118: than the sum of carrying value of i
Page 119 and 120: 14) Long-term loans December 31, Ba
Page 121 and 122: 17) Capital reserve The R.O.C. Secu
Page 123 and 124: 19) Share-based payment ─ employe
Page 125 and 126: (b) As of December 31, 2009, the su
Page 127 and 128: G. (a) A summary of the movements u
Page 129 and 130: (c) The Company assumed the employe
Page 131 and 132: exceed the sum of retained earnings
Page 133 and 134: C. Components of deferred income ta
Page 135 and 136: 21) Earnings per share Income befor
Page 137 and 138: treasury stock. 23) Personnel, depr
Page 139 and 140: E. Accounts payable As of December
Page 141 and 142: 10. OTHER INFORMATION 1) The fair v
Page 143 and 144: (c) Short-term financial instrument
Page 145: 11.SUPPLEMENTARY DISCLOSURES A. Inf
Page 149 and 150: (8) Receivables from related partie
Page 151 and 152: B. Information of Subsidiaries: (1)
Page 153 and 154: Note 3: Equal to 50% of the net wor
Page 155 and 156: (5) Marketable securities for which
Page 157 and 158: (10) Information on derivative tran
Page 159 and 160: ) Major transactions with the subsi
Page 161 and 162: D) The relation of business and imp
Page 163 and 164: 12. SEGMENT INFORMATION 1) Operatio
Page 165 and 166: 7 Assessment of financial condition
Page 167 and 168: 7.3 Cash flow analysis Unit: NT$ Th
Page 169 and 170: 7.5.2 Influences of the interest ra
Page 171 and 172: (4) Enterprise and channel servers/
Page 173 and 174: 8.1. Information of affiliates 8.1.
Page 175 and 176: 2. Affiliated companies - basic dat
Page 177 and 178: Company Name Date established Addre
Page 179 and 180: MiTAC (U.K.) Ltd. Sales of MiTAC’
Page 181 and 182: Company name Title Name or Rep. Sha
Page 183: 8.2. MiTAC’s stocks held or dispo
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Letter To Shareholders - Mitac

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